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Fridays From the Frontline: Life As Usual

sunriseWelcome back to Fridays From the Frontline, the column in which we summarize happenings in the business school blogosphere. This week, current students are enjoying life in business school, while applicants have been quiet after the Round 1 decision announcements and the Round 2 deadlines.  Continue reading…

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MBA Entrepreneurial Grads Report Significant Payoffs

entrepreneurMBA entrepreneurial grads—specifically those who launched startups during or soon after business school— can expect to make as much as their peers who follow more traditional career paths not long out of school, according to survey data collected as part of the Financial Times’ 2015 business school rankings research.

Of the 7,800 MBA graduates from the world’s top 100 business schools who responded to the FT, 22 percent had launched a start-up. Within three years of graduation, the average annual income of these entrepreneurs was $134,000, compared to $132,000 across the entire sample, the FT reports.

A mere 5 percent of startup founders reported an annual salary of zero three years out, though the FT points out that survey respondents did have an option to not reveal their income level, so the data may not fully reflect the financial risk taking faced by entrepreneurial grads. That said, of the companies launched by survey participants, 84 percent did report still operating a full three years later. Continue reading…

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The Week Ahead With Clear Admit: Episode 2

We have just released episode 2 of the Week Ahead With Clear Admit. In this episode, we summarize the admissions decision notifications, interview invitations, and application deadlines at top schools in the next week, provide more advice for Round 2 interview prep, and share some important news for MBA Entrepreneurs.

What did you think of Episode 2? Share your thoughts in the comments!

 

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Georgetown’s McDonough School of Business Innovates Its Approach to Admissions

georgetownGeorgetown University’s McDonough School of Business wants applicants to the school to walk away feeling good about their experience, regardless of whether they gain acceptance or ultimately enroll. To this end, the school’s admissions team, led by Associate Dean of MBA Admissions Shari Hubert, launched an innovative initiative last spring to understand the applicant’s entire journey through the admissions process—from the moment they begin to research schools right up to their arrival on campus (for those who are admitted and enroll). Their findings have already begun to reshape the Georgetown McDonough admissions process—for the better, Hubert hopes.

Hubert joined Georgetown McDonough in December 2012, coming from a career in campus recruiting for the Peace Corps, Citigroup and General Electric. “I saw a need for us as an admissions office to be more connected to our customers—prospective applicants—to understand what they were going through and how they experience us as they apply to business school,” Hubert says. An MBA applicant herself once (she holds a degree from Harvard Business School), she remembers how daunting the experience can be. “I wanted to engender goodwill no matter what the outcome,” she says. “I wanted them to walk away saying Georgetown is a wonderful institution that lives its [Jesuit] values.” Of course, she also hoped that by creating a more positive experience for applicants, the school would increase its yield. Continue reading…

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ESADE Business School Partners with Finnish University to Offer Innovation and Entrepreneurship Programs

Aalto-ESADE  (2)Spain’s ESADE Business School has formed a new international alliance with Finland’s Aalto University, a leader in the field of innovation, to expand its offerings for entrepreneurs, ESADE announced today. Aalto University President Tuula Teeri and ESADE Director General Eugenia Bieto signed an agreement outlining the new partnership this morning at ESADECREAPOLIS, the innovation center located on ESADE’s Barcelona campus.

One of Europe’s newest universities, Aalto was created in 2010 by the merger of Helsinki School of Economics, Helsinki University of Technology and the University of Art and Design Helsinki and has received widespread attention for its innovative blend of management, technology and design. Continue reading…

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What Are You Looking For in a Classmate?

What Are You Looking For in a Classmate?

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Harvard MBA Admissions Interview Report: Round 1 / Adcom / On-campus / Admit

300px-Harvard_business_school_baker_library_2009aThe following Harvard MBA Admissions Interview summary was provided by a former applicant who was admitted to Harvard in Round One. 

I applied in round 1 and interviewed in November. I happy to report I was accepted in December! The interview process at HBS is extremely well organized. There are activities all day with various candidates interviewing at different times. I made my trip two days and would recommend others do the same. I had not formally toured the campus before being invited to interview, so I did a two day visit to get a better feeling for the school. I signed up for all of the activities on the first day and had my interview the second day in the morning. This provided me with many potential anecdotes that were fresh in my mind about the program that could be discussed in the interview.  Continue reading…

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Cornell’s Johnson Graduate School of Management Enhances Focus on Family Business

john smithThe Johnson Graduate School of Management is now home to the new Smith Family Business Initiative, which was endowed earlier this year by at $10 million gift from alumnus John Smith, MBA’ 74, and his wife, Dyan Smith. In September, Daniel Garrett Van Der Vliet joined as the new initiative’s director. Van Der Vliet seems the ideal person for the job, coming to Johnson from the University of Vermont, where he spent 14 years building a highly regarded family business program from the ground up.

The Small Family Business Initiative at Johnson will combine family business-focused courses, case competitions for both MBA and undergraduate students across Cornell and executive education non-degree courses and workshops for those involved in running family enterprises. Continue reading…

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Trivia Tuesday: Venture Funds at Ross

ross

Hello again and welcome to this week’s Trivia Tuesday, in which we spotlight program elements that help distinguish the leading business schools from each other. Today we’re taking a look into the Clear Admit School Guide to the Stephen M. Ross School of Business at the University of Michigan to share an excerpt about venture funds at Ross.  Continue reading…

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Tell Us Tuesday: Submit an Interview Report and Receive a $10 Gift Card!

Interview 4Welcome back to Tell Us Tuesday, the column in which we highlight MBA interview reports that have been posted to our Interview Archive in the past week. Thanks to everyone who submitted an interview report!

In a Cornell Johnson Interview Report, an applicant explained how they answered the question “Why Johnson?” Continue reading…

Posted in: Tell Us Tuesdays, Weekly Columns | 0 comments